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Credit Union of Southern California


Overview / Commentary
www.cusocal.org
562-698-8326
8101 E Kaiser Blvd
Anaheim, CA 92808

Credit Union of Southern California is headquartered in Anaheim and is the 26th largest credit union in the state of California. It is also the 167th largest credit union in the nation. It was established in 1954 and as of March of 2020, it had grown to 313 employees and 121,582 members at 20 locations. Credit Union of Southern California's money market rates are 3X the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership in Credit Union of Southern California is open to those who live, work, worship, or attend school in the California counties of Los Angeles,Orange, Riverside, or San Bernardino. Family members of current Credit Union of Southern California members are also eligible to join.
See current membership details

Related Posts

CU SoCal Adds 5-Month Take Five CD Special, 5.00% APY - 10/10/2019

Credit Union of Southern California has a 5-month CD Special (5.00% APY), available through October 31, 2019. $500 min/$5k max deposit of new money.

5% 5 Month CD, $50,000 Maximum - 10/2/2019

Minimum deposit $500, up to $50,000. Valid until October 31. Field of membership participating businesses or live, work, worship, or attend school in Los Angeles, San Bernardino, Riverside, or Orange Counties. Although the site says you can fund up to $5,000 online, when you get to the actual application the most you can fund by credit card is $1,010 (the $10 share deposit and $1,000). Since it's limit one per customer for those with significant funds it may be better to take it to the branch. "1. APY=Annual Percentage Yield. Share certificate promotion valid September 3—October 31, 2019. All new account will be verified through ChexSystems®. Promotional 5-month share certificate must be funded with a minimum $500 new funds (not currently on deposit at CU SoCal) and subsequent deposits are not permitted. Opening deposit cannot exceed $50,000. Dividends compounded and credited monthly. Monthly share certificate rate 4.89%. Quoted APY assumes dividends remain in account until maturity.

Reviews (4)

Taking my father's advice

Posted by: |

I joined this credit union during my first year of college. I had just received my first job, and I had been banking with a major bank institution and wasn't too happy with it. I did not like the fact that my deposits were not immediately available. In addition, I didn't appreciate some of the fees they threw my way. That was when my father suggested I transfer my business to a credit union. He assured me that I would pay a lot less with the credit union, especially in regard to the fees. I took my father's advice in 1990 and I am still a happy customer to this date. When I wanted to purchase a brand new car, my father also suggested that I do it through my credit union. So it was really nice to be able to show up to a car dealership and say, "I already have a loan approved for this amount of money, can you show me cars that fit in the budget?" Of course, they wanted me to go with their financial people, so I showed them my paper with approved loan and interest rate and I asked, "Can any of your people beat this rate?" The salesman seemed very sheepish and said, "Well, no." I love my credit union and won't leave it.

3

At last

Posted by: |

I finally had had it with the big bank interest. I had a active Credit union account but it was several miles away and they were limited in ATM access. I hot footed it down to the local credit union and applied. I was received as if I was an old friend returning home. They review account options and to my surprise (but not really) their charges were minimal. I signed up for a savings account. I will in the very near future establish a checking account with these good people and get out of the big banks loop. I would advise everyone to open an with a credit union---and maybe this might be a signal to big corp. banks we are tire of being ripped off.

3

Money In The Bank

Posted by: |

Love this place, when I deposited some checks on my birthday, the lady gave me a lollipop.

2

Credit Union of Southern California is Great!

Posted by: |

I've been with this bank for around four years, now. I have never paid any fees, as I have free checking and savings accounts, and haven't had any unexpected fees pop up. I did have to pay $10 in order to set up my account, but I believe I get that back, if I ever close them. When I go into my local branch, the people are always at least relatively nice and friendly, and the lines are never long. I've never had any incorrect transactions, unlike with other banks I've been with. My only complaint is that using their website isn't the best; it seems like they are down for maintenance twice a week, and the notices about when they are going to be down are up long after that time has passed. Other than that, I'm very happy with my bank, and hope to be with it as long as I need to.

1


Health
A+

Data as of Q1 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #68456
Year Chartered1954
Employees313
Primary Regulator
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD8.71%
Annual Interest Income$15.3MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$1.86B$1.51B
LoansQ1 2020vs Q1 2019$1.09B$950.4MM
DepositsQ1 2020vs Q1 2019$1.43B$1.29B
Equity CapitalQ1 2020vs Q1 2019$207.9MM$170.6MM
Loan Loss AllowanceQ1 2020vs Q1 2019$9.5MM$7.0MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$4.0MM$3.7MM
Real Estate OwnedQ1 2020vs Q1 2019$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Credit Union of Southern California Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%$1-Deferred Compensation
0.30%$1-Holiday Saver
0.30%$1-Summer Saver
0.10%$500-Regular Savings
0.10%$500-IRA Savings
0.10%$500-Sub-Savings
0.10%$1-Regular Savings - Minors
0.10%$1-Sub-Savings - Minor

Credit Union of Southern California Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.31%*$150k*-Soar Money Market - New Money
OTHER TIERS: 0.15% → $500 - $15k | 0.35% → $15k - $50k | 0.75% → $50k - $100k | 1.00% → $100k - $150k
0.40%*$100k*-Money Market Account
OTHER TIERS: 0.15% → $2.5k - $15k | 0.20% → $15k - $25k | 0.25% → $25k - $50k | 0.30% → $50k - $100k

Credit Union of Southern California Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Rewards Checking Account

Credit Union of Southern California CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%$1k-60 Month CD – combined relationship balance >15K
1.20%$250-60 Month Minor CD – combined relationship balance >15K
1.15%$1k-48 Month CD – combined relationship balance >15K
1.15%$250-48 Month Minor CD – combined relationship balance >15K
1.11%$1k-36 Month CD – combined relationship balance >15K
1.11%$250-36 Month Minor CD – combined relationship balance >15K
1.10%$1k-60 Month CD – combined relationship balance <15K
1.10%$250-60 Month Minor CD – combined relationship balance <15K
1.05%$1k-48 Month CD – combined relationship balance <15K
1.05%$250-48 Month Minor CD – combined relationship balance <15K
1.00%$1k-36 Month CD – combined relationship balance <15K
1.00%$250-36 Month Minor CD – combined relationship balance <15K
1.00%$1k-24 Month CD – combined relationship balance >15K
1.00%$250-24 Month Minor CD – combined relationship balance >15K
0.90%$1k-24 Month CD – combined relationship balance <15K
0.90%$250-24 Month Minor CD – combined relationship balance <15K
0.90%$1k-18 Month CD – combined relationship balance >15K
0.90%$250-18 Month Minor CD – combined relationship balance >15K
0.80%$1k-18 Month CD – combined relationship balance <15K
0.80%$250-18 Month Minor CD – combined relationship balance <15K
0.80%$1k-12 Month CD – combined relationship balance >15K
0.80%$250-12 Month Minor CD – combined relationship balance >15K
0.70%$1k-12 Month CD – combined relationship balance <15K
0.70%$250-12 Month Minor CD – combined relationship balance <15K
0.65%$1k-6 Month CD – combined relationship balance >15K
0.55%$1k-6 Month CD – combined relationship balance <15K
0.20%$7.5k-1 Month CD – combined relationship balance >15K
0.20%$1k-3 Month CD – combined relationship balance >15K
0.10%$7.5k-1 Month CD – combined relationship balance <15K
0.10%$1k-3 Month CD – combined relationship balance <15K

Credit Union of Southern California IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%$25-60 Month IRA – combined relationship balance >15K
1.15%$25-48 Month IRA – combined relationship balance >15K
1.11%$25-36 Month IRA – combined relationship balance >15K
1.10%$25-60 Month IRA – combined relationship balance <15K
1.05%$25-48 Month IRA – combined relationship balance <15K
1.00%$25-36 Month IRA – combined relationship balance <15K
1.00%$25-24 Month IRA – combined relationship balance >15K
0.90%$25-24 Month IRA – combined relationship balance <15K
0.90%$25-18 Month IRA – combined relationship balance >15K
0.80%$25-18 Month IRA – combined relationship balance <15K
0.80%$25-12 Month IRA – combined relationship balance >15K
0.70%$25-12 Month IRA – combined relationship balance <15K
Locations

Availability

Los Angeles Area

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